China fines e-commerce giant Alibaba a record £2bn for abusing dominant market position for years

China slapped a record 18 billion yuan (£2billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years. The fine, about 4 per cent of Alibaba’s 2019 domestic revenues, comes amid a crackdown on technology conglomerates and indicates China’s antitrust … Read more

China fines e-commerce giant Alibaba a record £2bn for abusing dominant market position for years

China slapped a record 18 billion yuan (£2billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years. The fine, about 4 per cent of Alibaba’s 2019 domestic revenues, comes amid a crackdown on technology conglomerates and indicates China’s antitrust … Read more

China fines e-commerce giant Alibaba a record £2bn for abusing dominant market position for years

China slapped a record 18 billion yuan (£2billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years. The fine, about 4 per cent of Alibaba’s 2019 domestic revenues, comes amid a crackdown on technology conglomerates and indicates China’s antitrust … Read more

Married At First Sight receives record amount of complaints

The seventh season of Married At First Sight Australia is on track to become the most complained about season of show.   The Australian Communications and Media Authority (ACMA) has received a total of 54 official complaints so far.  ‘A significant proportion of the complaints alleged the program included personally abusive interchanges between participants through gaslighting, social, verbal … Read more

Average UK house prices hit record high of £254,606 in March, Halifax data shows

House prices hit a record high of £254,606 on average in March, according to research from a leading High Street bank. Figures from Halifax show house prices have jumped by 1.1% month-on-month. Across the UK, the average price is around £15,000 higher since the start of the national coronavirus lockdowns in March 2020 – equating … Read more

Brazil’s daily Covid death toll hits record 4,249

Brazil has recorded its largest one-day death toll of the Covid pandemic so far after 4,249 people perished from the disease in just 24 hours on Thursday.  The figure tops the country’s previous one-day record, set just 48 hours earlier, which was 4,195. It brings the country’s death total to 345,025 – the second-highest in … Read more

Rolls-Royce sees first quarter sales rise to highest on record

Rolls-Royce Motor Cars sees sales rise to the highest in its 116-year history as well-heeled buyers snap up the luxury vehicles despite the pandemic Luxury car group Rolls-Royce Motor Cars delivered 1,380 cars in the first quarter China market particularly strong and orders for bespoke cars also on the up   By Jane Denton For Thisismoney Published: … Read more

FTSE 250 soars to record highs: Recovery lifts UK stocks

FTSE 250 soars to record highs: Boost for savers with pensions and ISAs as recovery lifts UK stocks… but blue chips lag behind By Mark Shapland For The Daily Mail Published: 21:50 BST, 7 April 2021 | Updated: 21:50 BST, 7 April 2021 Investors have been ploughing money back into British stocks as the optimism … Read more

Covid India: New Delhi curfew imposed after record 100k new cases in a day

India brings in immediate night-time curfew for New Delhi after country saw a record surge in Covid-19 cases with more than 100,000 in a day The night curfew will be in place from 10pm to 5am in India’s capital, New Delhi Essential services and travelling to and from vaccination centres are exempt India had the … Read more